PROJECT

Projects

Summary of Investment Information

Project Number

45622

Company Name

FUNDACION GENESIS EMPRESARIAL

Date SPI Disclosed

Dec 13, 2021

Country

Guatemala

Region

Latin America and the Caribbean

Projected Board Date

Jan 25, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jun 15, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Feb 14, 2022
Signed : May 4, 2022
Invested : Jun 13, 2022

Sector

Microfinance and Small Business - Non Commercial Banking

Additional Project Attributes

Blended Finance

Project Description

 The proposed investment consists of a senior unsecured loan to Fundación Génesis Empresarial (the Company or Génesis). The purpose of the proposed IFC investment is to expand the Company’s loan portfolio for micro and small enterprises (MSEs) in Guatemala. At least 50 percent of the proceeds will finance women owned and led MSEs (WMSEs).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation